If I file my federal return one day after the tax deadline, will I have to pay a tax deadline penalty or interest?
If you owe tax, you usually will. However, you won’t pay a late taxes penalty or interest if you’re:
- Receiving a refund
- Outside the country while serving in the military
- Living in a federally declared disaster area
If you have a balance due, the IRS can assess both of these:
- Late-filing penalty — 5% of the balance due per month up to 25%
- Late-payment penalty — 0.05% (or part of a month), up to 25% of the tax due
The IRS charges interest on unpaid tax from the return’s due date until the date of payment.
The IRS is requesting your return. Learn more about IRS Letter 6001 and how to address it with help from the tax experts at H&R Block.
Learn more about notice CP187 and how to handle an IRS tax bill for your business with help from the tax experts at H&R Block.
If you haven't filed tax returns in awhile, there are things you need to know. Learn how to address back tax returns and what you can expect when you file.
The IRS will usually audit a tax return within three years after the return was filed. Learn more about IRS audit procedures from the experts at H&R Block.